How to Become an Entrepreneur

With all the available resources for business startups, I’m still running into individuals that are unsure or don’t know how to become an entrepreneur. According to the Merriam-Webster Dictionary, the simple definition of an entrepreneur is a person who starts a business and is willing to risk loss in order to make money.

Becoming an entrepreneur isn’t as difficult as one thinks. I believe it’s easier to get your driver’s license, but with a lot more of a down payment to get started. As I’ve been told and reminded that starting a business is the easy part, sustaining is the hard part. Therefore, I wanted to share my “two cents” worth of knowledge with three simple guidelines.

When I started this journey, no one told me any of this stuff when I wanted to start a business.

THIS ISN’T A TUTORIAL, or a checklist, and not a process of what comes first. These guidelines are to help you develop the right mindset.

Sharing is Caring

I’m sharing because I love the freedom, independence and joy I get from being an entrepreneur. If you are looking into starting a business, follow the instructions from your secretary of state’s website. For example, the website for Washington state to start a business is this (click the link).

To be clear, the three guidelines I’m going to give you are from my experience to help you learn how to become an entrepreneur. I encourage you to speak with others in the industry if you can. However, they may not want to speak with you because you will be their competitor, so find those who believe competition is good business. 

So, let’s begin.

College Degree

In case you don’t know, there’s no education requirement to start a business. Many have started successful companies and not finished college.

I’m not saying to be like Bill Gates, Mark Zuckerburg or Steve Jobs.

Just know formal education isn’t required. I recommend it, but it’s not required. The more you can be exposed to the better. You don’t have to make a lot of mistakes. This could be going to network functions and finding a mentor. 

Find a place to learn. There are people out there who want to help you and your business. Just be careful of those running scams promising success. Success takes time and it’s a process.

Great Idea to Solve a Problem

We all have great ideas, but it needs to solve a problem in the marketplace. There needs to be value in your contribution to where people are willing to buy it. Therefore, have a great idea to bring to others.

There’s a saying in a cartoon, “see a need, fill a need”

If you can fix a significant need in society, even better, a perfect example is pain medicine. There are all different types of pain medicines in the store, and you can find them in mini-marts, gas stations, supermarkets, wholesalers, and more.

And the next step to know that your product, service, the idea can make money is to sell it. Start with your family and friends. If they like it- you’re good to go!

Always Fail Forward

Last but not certainly not least, once you enter the world of small business of all sorts, don’t feel pressured to be someone your not. Be you.

My home office isn’t fancy but it works. Appearance is important, but not at the cost of your ego. Don’t be someone you’re not. Also, don’t try to solve problems beyond your scope of expertise.

Do your very best within your skill-set, which is why to do what’s best for you and your company. More than likely, people want to do business with you because of you.  

There’s no better person you can be but yourself. Plus, you possess a special and unique gift that only you can develop and share with others. Be great, because you’re awesome.

I write this because my business is personal because this service is for the advancement of all humanity. My failures and successes are for your gain. No strings attached.

Nathan A. Webster, MBA
Mr. Social Entrepreneur
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